Now, China Restricts Market Access to Foreign Companies – Saibal Dasgupta

From The Times of India:

Faced with a glut of and massive balance, has now begun either to restrict market access to or create new hurdles for those that have already entered the field. This is evident from several recent measures including the latest move to restrict the entry of foreign .

Doors to Chinese insurance market would be open only to foreign companies with assets worth $2 billion or more, the government has said. should retain their shareholdings for at least three years, and “abide by the principles of holding stakes for the long-term, improving management, of business cooperation and avoiding competition,” the China Insurance Regulatory Commission said while issuing a set of draft rules. [Full Text]

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